ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

Technology 52

Technology accounting firms financial statements Tax 52

ThomsonReuters

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. Client guidance: Firms must be prepared to address clients’ concerns and provide insights into the potential impacts of estate tax repeal on their financial goals and legacies.

Tax 110

Tax tax return Technology income tax 110

CPA Practice

NOVEMBER 14, 2023

13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. Our 2023 event doubled down on how AI-driven innovations can help accountants and the small businesses they serve gain insights to make more informed business decisions.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable? Today, only 6.5% Today, only 6.5%

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

ThomsonReuters

APRIL 5, 2024

Businesses that do not have sound tax provision processes are at an elevated risk of damaging their company’s financial health. That’s because interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. Why is interim reporting important?

Tax 68

Tax income tax financial statements accounting standards 68

CPA Practice

APRIL 3, 2024

Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing. Firms will see a massive reduction of human error, superior reporting, as well as real-time data entry available 24/7.

Technology 64

Technology general ledger bookkeeping accounting software 64

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do the Big 4 use artificial intelligence? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

FEBRUARY 8, 2024

Jump to: Unlocking the power of advisory tools Deliver advisory engagements with Checkpoint Edge Advisory Maps Grow your firm with Practice Forward Advisory tools have emerged as transformative forces in the tax and accounting profession, empowering firms of all sizes to deliver efficient and effective services to their clients.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers. As an undergrad, she majored in political science and pre-law. Clients loved this approach, Shaul says.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

ThomsonReuters

OCTOBER 24, 2023

Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Data consolidation challenges, complex calculations, and reporting requirements can turn the trek into a daunting ordeal fraught with time-consuming inefficiencies and greater risk of errors. “One

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. What is your process for creating supporting documentation/workpapers? Download report 2.

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Account 98

Account accountant accounted tax return 98

MineralTree

FEBRUARY 23, 2023

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. Cash flow forecasting is the process of projecting future cash inflows and outflows of a business.

AP Automation 88

AP Automation accounting and finance AP Processes Finance 88

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

ThomsonReuters

JUNE 15, 2023

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. As an area that is still developing, and – from an audit and accounting standpoint – still in its infancy, it can feel a bit like the Wild West. Here is a brief summary of the top five: 1.

audit 96

audit auditor Education Tax 96

CPA Practice

APRIL 24, 2023

Whether you’re in the midst of digital transformation or just beginning to explore, you’re probably seeing new opportunities to improve your company’s AP processes with the help of technology. Speak to the costs of manual invoice processing and the benefits of automating it. Build consensus for automation within your business.

Technology 80

Technology AP Processes Indiana CPA 80

Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

Xero

JUNE 19, 2023

But, with 70% of women’s football clubs operating at a loss*, there is an opportunity for our community to help improve the financial health of clubs if we want to grow the game.

bookkeeping 93

bookkeeping accounting and finance Education Sports 93

Acterys

JULY 12, 2023

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. What is vertical analysis?

financial statements 130

financial statements accounting and finance accounts payable Sales 130

ThomsonReuters

AUGUST 3, 2023

As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. Accounting firms who are equipped with these tools and information will be in a position to help their clients respond to these changes.

Technology 98

Technology accounting firms Tax Account 98

Basis 365

MAY 30, 2023

In today's fast-paced business world, companies always look for ways to improve their bottom line. One way to do this is by outsourcing accounting functions. Outsourced accounting services have become increasingly popular in recent years, but how do they impact a company's profitability? What is Outsourced Accounting?

Account 52

Account accountant accounted accounting and finance 52

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

NOVEMBER 15, 2023

For accountants, navigating the complexities of Form 8283 and the tax implications of non-cash charitable contributions is essential in providing solid financial guidance to clients and optimizing their tax benefits. What is Form 8283? Form 8283 is used to ensure U.S. What is the cost basis for non-cash charitable contributions?

tax return 98

tax return Tax tax planning Real Estate 98

Xero

JANUARY 9, 2024

The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

Alabama 77

Alabama bookkeeping Technology E-commerce 77

ThomsonReuters

JUNE 6, 2022

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

accounting standards 142

accounting standards Account accountant accounted 142

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. We’ll discuss the importance of establishing an audit engagement process, leveraging cloud-based solutions, and identifying transformative technologies. How do you ensure audit compliance?

audit 98

audit Non-Profits Technology auditor 98

ThomsonReuters

JULY 6, 2023

However, corporate tax teams find it difficult to automate this process. Tax professionals use tax provision software such as to solve the technical and process issues involved in calculating your income tax provision. API-powered provisioning processes can be more accurate, secure, and efficient than traditional manual methods.

Tax 92

Tax general ledger corporation tax audit 92

Xero

MAY 23, 2023

With another epic Xero Awards evening behind us, it’s time for us to reflect on the success of our accounting and bookkeeping community. We were thrilled to award the Sole Practitioner of the Year award to Joan Adams of Adams O’Rourke Accountants. Congratulations, Adams O’Rourke!

bookkeeping 65

bookkeeping Account accountant accounted 65

ThomsonReuters

FEBRUARY 16, 2024

They’re also increasingly sharing companies’ financial data among themselves and want more direct visibility into firms’ business activities by accessing their financial data and reporting processes. Country-by-Country Reporting (CbCR) laws also complicate compliance matters.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

JULY 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. While the fundamentals of accounting remain the same, the processes and skill sets required to execute them are changing. According to Revelio Labs Inc.,

Technology 73

Technology Account accountant accounted 73

Xero

NOVEMBER 21, 2022

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. Improving client engagements through automation.

Agriculture 86

Agriculture Technology accounts payable audit 86

Menzies

DECEMBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. They are fundamentally built on a variety of technologies such as robotics and artificial intelligence, as well as sustainability elements to streamline operations and improve productivity. The use of robotics in the warehouse industry has revolutionised the way businesses operate.

Technology 52

Technology Transportation chartered accountant Tax 52

ThomsonReuters

DECEMBER 19, 2023

Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. From staying informed on ESG trends and regulations to identifying green tax breaks, more and more businesses are turning to accountants for ESG reporting and compliance. Jump to: What are green taxes? Risk mitigation.

Tax 52

Tax Account accountant accounted 52

Xero

JUNE 16, 2022

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. . Improve your employee engagement and retention.

Technology 118

Technology accounts payable Manufacturing Tax 118

Lockstep

MARCH 21, 2023

s If you’re an accountant, you know that a big part of your job is staying on top of your company’s finances. According to recent studies, small businesses account for more than half of the private sector workforce and more than half of all net new jobs created in the United States.

quickbooks 52

quickbooks Account accountant accounted 52